Sprouts Farmers Market Inc (SFM) Receives Average Rating of “Hold” from Brokerages

Sprouts Farmers Market Inc (NASDAQ:SFM) has been assigned an average rating of “Hold” from the twenty-five analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $25.12.

Several equities research analysts have weighed in on the company. Stephens set a $27.00 target price on Sprouts Farmers Market and gave the stock a “hold” rating in a report on Wednesday. Zacks Investment Research cut Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Royal Bank of Canada set a $28.00 price target on Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Monday, October 30th. BMO Capital Markets boosted their price target on Sprouts Farmers Market from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, November 3rd. Finally, Goldman Sachs Group reissued a “sell” rating and issued a $18.00 price target on shares of Sprouts Farmers Market in a research report on Tuesday, November 14th.

Shares of Sprouts Farmers Market (NASDAQ SFM) traded up $0.70 during mid-day trading on Friday, hitting $26.65. The company’s stock had a trading volume of 1,960,000 shares, compared to its average volume of 1,611,075. Sprouts Farmers Market has a twelve month low of $17.38 and a twelve month high of $26.98. The stock has a market cap of $3,453.18, a PE ratio of 27.47, a price-to-earnings-growth ratio of 2.07 and a beta of 0.67. The company has a quick ratio of 0.23, a current ratio of 1.00 and a debt-to-equity ratio of 0.77.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, November 2nd. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the business earned $0.16 EPS. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. analysts forecast that Sprouts Farmers Market will post 1 EPS for the current fiscal year.

In related news, COO James Leroy Nielsen sold 110,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $23.17, for a total transaction of $2,548,700.00. Following the transaction, the chief operating officer now directly owns 207,108 shares of the company’s stock, valued at approximately $4,798,692.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Theodore Edward Frumkin II sold 36,667 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $23.93, for a total value of $877,441.31. Following the transaction, the insider now directly owns 58,912 shares in the company, valued at $1,409,764.16. The disclosure for this sale can be found here. Insiders have sold a total of 1,015,934 shares of company stock worth $24,918,352 over the last ninety days. 2.60% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in SFM. Advisory Services Network LLC increased its holdings in shares of Sprouts Farmers Market by 1,093.0% in the second quarter. Advisory Services Network LLC now owns 5,309 shares of the company’s stock valued at $120,000 after purchasing an additional 4,864 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Sprouts Farmers Market by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock valued at $175,000 after purchasing an additional 1,161 shares during the period. Harvest Management LLC acquired a new position in shares of Sprouts Farmers Market in the third quarter valued at about $188,000. Sadoff Investment Management LLC acquired a new position in shares of Sprouts Farmers Market in the third quarter valued at about $223,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Sprouts Farmers Market in the fourth quarter valued at about $224,000. 90.13% of the stock is currently owned by institutional investors.

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Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.

Analyst Recommendations for Sprouts Farmers Market (NASDAQ:SFM)

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